Latest Rail News

14.12.18

Infrastructure giant Amey to be sold to private equity firm in new year

 Infrastructure giant Amey is expected to be sold to a private equity firm in the new year, according to reports.

The Financial Times believes that Amey’s Spanish parent company, Ferrovial, is in talks with PAI Partners and Greybull Capital for the potential sale of the business—however, one source told the FT that Ferrovial “may need to package” Amey in with other parts of the business.

Reports surfaced last week of the Spanish infrastructure group looking to put its global support services division— which includes the Oxford-based Amey, and also Australian business Broadspectrum, which operates rigs for oil and gas clients— up on the market.

Ferrovial part-owns Heathrow Airport and has been heavily involved with work on the East Coast and Midland mainlines, as well as rail electrification around Manchester and Crossrail. Amey, Network Rail’s third biggest supplier in 2016-17, holds significant long-term government contracts – such as a £2.2.bn deal with Sheffield City Council, as well as a number of contracts with major infrastructure projects such as HS2 and the TransPennine route upgrade.

Despite successes in securing lucrative contracts, Amey has been hit with several varied losses in recent years, including a £48m loss to an M8 motorway upgrade in Scotland.

According to the FT, Amey could be sold either on its own, or as part of a larger sale of the Ferrovial global support services division— but management has not yet made a final decision on the sale.

Several private giants have been in the headlines recently: major player in construction Carillion was a key HS2 contractor before it went into liquidation earlier this year.

Enjoying RTM? Subscribe here to receive our weekly news updates or click here to receive a copy of the magazine!

Comments

There are no comments. Why not be the first?

Add your comment

 

rail technology magazine tv

more videos >

latest rail news

Government gives ‘hugely important’ £208m Belfast Transport Hub the green light

22/03/2019Government gives ‘hugely important’ £208m Belfast Transport Hub the green light

A new £208m Belfast Transport Hub with major rail and bus connections has been granted planning permission by the Department of Infrastruct... more >
New to-the-minute measures for train punctuality introduced to tackle delays

22/03/2019New to-the-minute measures for train punctuality introduced to tackle delays

New measures of train punctuality are to be released by train operators and Network Rail next month in a bid to improve performance. The Rai... more >
FirstGroup finalises £100m order for Hitachi trains as plans for London-Edinburgh rail link move forward

22/03/2019FirstGroup finalises £100m order for Hitachi trains as plans for London-Edinburgh rail link move forward

FirstGroup has finalised a £100m order for Hitachi AT300 electric trainsets in a partnership between the two companies to create a new Lond... more >

editor's comment

23/01/2018Out with the old...

Despite a few disappointing policy announcements, especially for the electrification aficionados amongst us, 2017 was, like Darren Caplan writes on page 20, a year generally marked by positive news for the rail industry. We polished off the iconic Ordsall Chord (p32), hit some solid milestones on Thameslink (p40), progressed on ambitious rolling stock orders (p16), and finally started moving forward on HS2 (p14) ‒ paving the way for a New Ye... read more >

rail industry focus

View all News

interviews

Women in rail - is the industry on the right track?

12/03/2019Women in rail - is the industry on the right track?

RTM sits down with Samantha Smith, sole female member of the TransPennine Route Upgrade Alliance Leadership Team, to find out more about encourag... more >
TfN Strategic Transport Plan: not just for transport's sake

22/01/2019TfN Strategic Transport Plan: not just for transport's sake

Peter Molyneux, Transport for the North’s (TfN’s) strategic roads director, has been leading on the development of the seven economic... more >
Exclusive: Midlands Connect and WMRE talk collaboration and investment in the Midlands' railway

22/01/2019Exclusive: Midlands Connect and WMRE talk collaboration and investment in the Midlands' railway

In the jigsaw puzzle of regional transport decision-making, there must be collaboration and compromise. Midlands Connect media lead James Bovill ... more >

last word

Encouraging youngsters to be safe on the railway

Encouraging youngsters to be safe on the railway

This summer, Arriva Group's CrossCountry and the Scout Association joined to launch a new partnership to promote rail safety among young people. ... more > more last word articles >

'the sleepers' daily blog

The West Midlands 30-year strategy

19/03/2019The West Midlands 30-year strategy

Malcolm Holmes, executive director of West Midlands Rail Executive (WMRE), outlines the West Midlands Rail Investment Strategy 2018-2047. Th... more >
read more blog posts from 'the sleeper' >

comment

26-30 Railcard: taking advantage of opportunities

19/03/201926-30 Railcard: taking advantage of opportunities

After a nine-month national trial, the rail industry launched its seventh National Railcard for 26-30-year-olds on 2 January 2019. Rail Delivery ... more >
Caledonian Sleeper: a railway icon re-imagined

19/03/2019Caledonian Sleeper: a railway icon re-imagined

The world-renowned Caledonian Sleeper, due to begin operations at the end of spring 2019, completed its first Scotland to London journey earlier ... more >
East West Rail: the next steps

19/03/2019East West Rail: the next steps

In January, five route options for the central section of East West Rail were published as part of a public consultation on the next phase of the... more >
Rail's role in transit-orientated developments

19/03/2019Rail's role in transit-orientated developments

Jonathan Bray, director at the Urban Transport Group (UTG), argues that transit-oriented developments are the future – and that rail has a ... more >